- Investree terminates CEO Adrian Gunadi amid misconduct allegations.
- Denies affiliations, plans restructuring after $231M Series D.
- Gunadi’s exit adds to challenges, but Investree hints at fresh capital, signaling resilience amid turmoil.
Indonesian online lending platform Investree has terminated CEO Adrian Gunadi, lending credence to allegations of misconduct that recently surfaced. Reports claim Gunadi improperly diverted company funds to his account.
Denying affiliations to others
In a statement, Investree denied affiliations with entities named in the rumors and stated no guarantor role in adjacent firms tied to Gunadi. Investree chief sales officer Salman Baharuddin previously attributed recent system disruptions to routine maintenance.
While Investree secured a $231 million Series D round in October 2023 from Qatari firm JTA International, disbursement delays have fueled uncertainty.
Signifying resiliency during the turmoil
Investree co-founder Kok Chuan Lim said the company hopes to finalize a restructuring plan soon with new equity investment.
Gunadi’s sudden departure adds to recent challenges for Investree, including technology issues and rising non-performing loans.
Rectifying leadership instability quickly is now critical amid external funding delays. However, Investree’s maintaining operations and hinting at fresh capital could signify real resilience despite the present turmoil.
